After yesterday's election, has California lost its power to help the Democrats re-take control of the Congress? Is the “top two” process a success or a failure? Did this Blue State really say "No" to a tax on tobacco? With all that money and the endorsement of Governor Brown, how did LA City Attorney Carmen Trutanich fail to make the runoff for District Attorney? Were there any echoes of yesterday's public-worker pension showdown in Wisconsin? Also, the death at 91 of world-famous science fiction writer Ray Bradbury. We hear how much he loved Los Angeles. On our rebroadcast of today's To the Point, is there good news about the economy? ’
FROM THIS EPISODE
The turnout currently stands at 24 percent, although that could rise to 30 percent once late mail-in and provisional ballots are counted. So it's still not certain that Proposition 29, the tax increase on cigarettes, has been defeated, but it’s a very close call. Is that a surprise given California’s record on regulating tobacco? What does it mean for tax increases in the near future?
Before his death last night in Los Angeles, Ray Bradbury wrote 27 novels and 600 short stories. His works, which have been translated into some 30 languages, include Fahrenheit 451, The Martian Chronicles and Something Wicked This Way Comes. He made science fiction into world-class literature and he himself was influenced by Shakespeare and George Bernard Shaw as well as Jules Verne and Edgar Rice Burroughs. He appeared on this program several times, most notably in April of 2002.
Ray Bradbury, author
Former chief executive Bill Clinton has been campaigning for current President Barack Obama, but Clinton’s latest comment on the economy might not help Obama in the November election. As bad news piles up, more and more people are taking a dim view of America’s economic prospects. Is it really that bad? We hear that there is another side to the story.
Barry Ritholtz, Fusion IQ (@ritholtz)
Vivek Wadhwa, Stanford University (@wadhwa)
Steve Bartlett, Financial Services Roundtable (@fsroundtable)
Michael Lind, New America Foundation (@NewAmerica)